500 University Dr, Pontiac, MI 48342
This exceptional 2.4-acre commercial land parcel presents a unique investment opportunity in Pontiac, Michigan. Located at 500 University Drive, at the intersection of MLK Boulevard and University Drive, this property boasts a highly desirable C-1 zoning designation, opening doors to a wide range of commercial development possibilities. The strategic location offers unparalleled visibility and accessibility, situated directly adjacent to a White Castle restaurant and conveniently positioned alongside the on-ramp to M-59. Furthermore, its proximity to major transportation arteries, including I-75 (one mile away) and a half-mile distance to an Amazon distribution center, ensures significant traffic flow and potential for high customer volume. The property's Assessed Parcel Number (APN) is 14-28-230-019. This prime location, combined with its substantial size and advantageous zoning, makes this land a compelling investment for developers seeking high-impact commercial projects in a thriving area. The asking price for this exceptional property is $650,000. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.